Daily Archives: October 12, 2015

The U.S.-based economist Angus Deaton on Monday won the 2015 Nobel Prize in economics for his analysis of consumption, poverty and welfare. The Royal Swedish Academy of Sciences recognized the joint U.S. and British citizen for work addressing questions including how consumers distribute their spending among different goods, how much …

Mercedes-Benz was the world’s top luxury-car brand for the third consecutive month in September, surpassing BMW and Audi as demand for coupe-like SUVs helped its sales grow twice as fast as at either competitor. Deliveries at the Daimler AG luxury unit rose 16 percent to 188,400 cars last month, compared with …

The way the media across the world has painted the picture of Iran is not the real Iran. Let me tell you as the native of this country: it’s all wrong. I want to show you a fresh new view of Iran, in case you would like to travel there …

The nationwide railroad of the Republic of Azerbaijan would be connected to the Islamic Republic of Iran through Astara border city, said Iranian Minister of Communications and Information Technology Mahmoud Vaezi. Azerbaijan and Iran will construct a railway to carry a capacity of 5 million tons of goods. This was …

According to the National Democratic Institute (NDI) survey, 66% of respondents consider themselves unemployed, 34% say they are employed. Noteworthy that compared to the previous survey, the unemployment rate has decreased. In particular, according to the study published by the NDI in May, 67% of respondents did not consider themselves …

The company SOCAR will cover the cost of the natural gas consumed by churches and monasteries located on the territory of Georgia. In this regard, the Georgian Patriarchate releases a statement which says: “Under the agreement signed between SOCAR and the Patriarchate of Georgia, SOCAR took a goodwill obligation to …

Gas deliveries to Ukraine will resume on Monday, Russia’s Gazprom CEO Aleksey Miller said, adding that an advance payment for this month’s gas will be made by Kiev on Friday, October 9. Russian gas will be pumped into Ukraine’s underground storage facilities. Ukraine has already accumulated 15.7 bcm of gas, …

A governmental delegation of Azerbaijan led by country’s president Ilham Aliyev is set to visit Tbilisi on November 6. Georgian Prime Minister Irakli Garibashvili paid an unexpected visit to Baku this weekend and met with Ilham Aliyev. This trip was not announced earlier. Some politicians, experts and media representatives linked …

Georgia’s exports to the EU market have grown by only 1% after the country signed the Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU. The Authorities expected the agreement to boost Georgia’s exports and investments inflows, but the results are pitiful, the Rezonansi newspaper reads. According to GeoStat, …

The oil products market, grains imports, the Black Sea ports, coffee market, lawbreaking in state tenders and the revenue service – these directions represent a small part of the cases the competition agency has been exploring. The competition agency head Giorgi Barabadze updated the IPress on the year on year …

The new regulations were actively blamed by the business sector in due time. Business ombudsman and member of the economic board Giorgi Gakharia appraises the regulations as less efficient. Beer excise and Ad Valorem tax on tobacco may be revised, Giorgi Gakharia told the iPress. The private sector and associations …

Tbilisi hosted the annual Cheese Festival on October 10-11. The event was organized by the Ministry of Agriculture and the Guild of Cheese Producers in Georgia. In Georgia the cheese production reveals to be as ancient as the culture of wine production. Activities such as festivals and competitions serve for …